Lowe`s Cos. Inc
Q3 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +3.35%.
Did LOW Beat Earnings? Q3 2026 Results
Lowe's delivered a solid third quarter, posting adjusted diluted EPS of $3.06 against a consensus estimate of $2.95, a beat of 3.61%, even as revenue of $20.81 billion came in fractionally below the $20.84 billion analysts had expected, a miss of just 0.15%. Total sales grew 3.2% year over year, supported by a return to positive comparable sales growth of 0.4%, with 11.4% online sales growth and double-digit expansion in home services providing meaningful lift. The quarter's defining event, however, was the closing of the Foundation Building Materials acquisition for $8.80 billion, a transformative move into professional building materials distribution that reshaped the balance sheet, lifting total assets to $53.45 billion while pushing long-term debt to $37.50 billion. Looking ahead, Lowe's raised its full-year sales outlook to approximately $86.00 billion to reflect the FBM contribution, though comparable sales guidance was trimmed to flat, adjusted EPS guidance was narrowed to approximately $12.25, and analysts noted a price target reduction even while maintaining an outperform view on the company's long-term trajectory.
- Comparable sales increased 0.4%
- Online sales growth of 11.4%
- Double-digit growth in home services
- Continued growth in Pro sales
“The company delivered another quarter of positive comp sales, and we're pleased to start November with positive comps as well, despite headwinds related to hurricane activity in the prior year. With the closing of the FBM acquisition last month, we look forward to enhancing our offering to Pro customers and creating more sustainable, long-term sales and profit expansion for the company.”
Lowe's CEO, on the earnings call
Forward Guidance & Outlook
Lowe's updated its full year 2025 outlook: total sales of approximately $86.0 billion (up from prior $84.5-$85.5 billion range, reflecting FBM acquisition); comparable sales expected to be flat (previously flat to up 1%); adjusted operating margin of 12.1% (previously 12.2%-12.3%); net interest expense of approximately $1.4 billion (previously $1.3 billion); effective income tax rate of approximately 24.0% (previously 24.5%); adjusted diluted EPS of approximately $12.25 (previously $12.20-$12.45); capital expenditures of up to $2.5 billion. The updated outlook reflects ongoing uncertainty in the macroeconomic environment and includes expectations for FBM.
LOW YoY Financials
Figures from SEC filings and company reports. Not investment advice.